Long Beach, NY Home Values & Market Trends
Real estate market trends reflect that there have been 240 transactions over the past year in Long Beach. The median value for residential home transactions that occurred over the previous year is $795,629.39. The number of current listings in Long Beach is 69, and the percentage of properties for sale in the city is 69.00%. Long Beach, NY currently has 19 properties in foreclosure, 1 bank owned properties, 10 properties headed for auction, and 69 properties for sale.
Long Beach, NY Real Estate Market Overview
Zip | Median Est. Value |
---|---|
11561 | $ 915,112 $ 517/sqft |
Housing Market Summary for Long Beach, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $984.4K | $824K | -16.30% |
Median Sold Price | $734.2K | $824K | 12.23% |
Homes For Sale | 54 | 63 | 16.67% |
Homes Sold | 252 | 187 | -25.79% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Long Beach, NY
Browse Homes in Long Beach, NY
Long Beach home values range from $30,895 to $28,991,054. The median estimated value of a home in Long Beach is $795,629.39. The median list price of a home is 895,000, and the total count of properties in the city is 8,744.
- Pre-ForeclosurePre-foreclosure homes account for 0.09% of all residential properties in Long Beach, NY with 11561 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Long Beach, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,362,000 in 11561 to the lowest home value of $625,000 in 11561.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Long Beach, NY ranges from the highest value of $1,276,049 in 11561 to the lowest value of $196,313 in 11561. Bank owned homes and properties account for 0.01% of properties in Long Beach, NY. There is 1 zips within Long Beach, NY; 11561 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11561 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Long Beach, NY. Auction homes and other auction properties account for 0.11% of all properties in Long Beach, NY. There is 1 zips within Long Beach, NY; of that zips, the median estimated home value for homes going to auction ranges from $1,050,765 in 11561 to the lowest value of $538,647 in 11561.
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Guide for Long Beach, NY
Strong demand and a robust economy are driving Long Beach’s real estate market, with property values and cost per square foot on the rise.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
An increase is house prices but a slowdown of homes sold in September
With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks